30 April

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UK’s Truss expects Airbus-Boeing row to be resolved by July By Reuters

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By Emma Farge and Cecile Mantovani GENEVA (Reuters) -British trade minister Liz Truss expects the trade dispute over Airbus and Boeing (NYSE:BA) to be resolved by July when a freeze on tit-for-tat tariffs expires, she told Reuters on Friday. The tariff battle involving the United States, the European Union and Britain relates to a row over state subsidies for the two planemakers. Britain is a party to the talks as a former EU member and manufacturer of key Airbus components. The parties involved agreed in March to suspend retaliatory tariffs on goods such as...

30 April

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Beckham and Dench help to launch Captain Tom fundraising drive By Reuters

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By Ben Makori LONDON (Reuters) - The family of Britain's Captain Tom Moore, the World War Two veteran who lifted a nation's spirits during the pandemic, joined forces with David Beckham and Judi Dench to kick off a long weekend of fundraising events on Friday. Moore, who made headlines around the world by raising nearly 40 million pounds ($56 million) for the National Health Service by walking around his garden with the help of a frame, died in February. To mark the impact he had on the country, his family have called on...

30 April

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One in four funds are ‘sustainable’ under new EU rules – Morningstar By Reuters

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By Tommy Wilkes LONDON (Reuters) - One in four European funds have classified themselves as sustainable under new EU environmental, social and governance rules, Morningstar said on Friday, as managers try to appeal to investors pouring cash into sustainable assets. Demand for ESG-compliant investment products is surging but confusion over what ESG claims mean in practice has spurred European policymakers to try and codify the sector to arm investors with more information and stamp out 'greenwashing', where lofty sustainability claims are not backed up by action. The European Union's Sustainable Finance Disclosure Regulation, the first...

30 April

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Post-vaccine COVID infections and deaths rare, UK study finds By Reuters

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By Kate Kelland LONDON (Reuters) - A very small number of mainly frail, elderly COVID-19 patients are being hospitalised and dying even after having a first dose of Pfizer (NYSE:PFE)'s or AstraZeneca (NASDAQ:AZN)'s vaccines, but this does not mean the shots aren't working, UK researchers said on Friday. Presenting real-world data on a subset of hospitalised COVID-19 patients in the UK, the researchers said the findings showed some level of "vaccine failure" - in other words cases where vaccinated people still become infected and get sick - but that this was "not unexpected." "It's...

30 April

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LME to announce open outcry ring decision in early June By Reuters

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LONDON (Reuters) -The London Metal Exchange said on Friday it plans to announce around June 8 whether it will reopen its open outcry trading ring or permanently shut the only such floor in Europe. The 144-year-old exchange added in a statement that even if it decides in June to resume open outcry trading, it would not be able to implement the measure until late July at the earliest due to coronavirus restrictions. The exchange, the world's oldest and largest market for industrial metals, announced a proposal in January to move to full electronic trading and...

30 April

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Barclays, BNP Paribas see equities bonanza outweigh fixed income slide By Reuters

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By Lawrence White, Matthieu Protard and Iain Withers LONDON/PARIS (Reuters) - Barclays (LON:BARC) and BNP Paribas (PA:BNPP) reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products. The topsy-turvy trading results for two of Europe's biggest remaining investment banks highlighted how volatile markets amid the global pandemic caused seesawing demand for different asset classes. Barclays' January-March profit more than doubled to 2.4 billion pounds from 923 million pounds a year ago, while its French rival said net profit rose 37.9% to...

30 April

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Intel seeks $10 billion in subsidies for European chip plant By Reuters

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By Douglas Busvine BRUSSELS/BERLIN (Reuters) - Intel (NASDAQ:INTC) wants 8 billion euros ($9.7 billion) in public subsidies towards building a semiconductor factory in Europe, its CEO was quoted as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing. "What we’re asking from both the U.S. and the European governments is to...

30 April

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Euro Area Seeks Rebound as Recession Shows Cost of Vaccine Delay By Bloomberg

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(Bloomberg) -- The euro zone tipped into a double-dip recession in the first quarter, highlighting the cost of slow coronavirus vaccinations that have left the economy lagging far behind the U.S. The feeble economic data show the importance of accelerating inoculations and getting the bloc’s 800 billion-euro ($968 billion) joint recovery fund under way as soon as possible. Euro-area output shrank 0.6% in the three months through March, after a decline of 0.7% at the end of 2020. Germany, Italy and Spain all contracted, while French growth was clouded by the fact that the government was...

30 April

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Britain appoints Chris Grigg as chairman of new UK Infrastructure Bank By Reuters

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LONDON (Reuters) - Britain has appointed Chris Grigg, a former CEO of Barclays (LON:BARC) Commercial Bank, as chairman of the new UK Infrastructure Bank being launched in May, the finance ministry said on Friday. Grigg, who most recently worked at British Land and has 30 years experience across the real estate and financial services industries, will oversee the bank's efforts to invest an initial 12 billion pounds in capital. The bank aims to prioritise investment in projects that can help tackle climate change and lower emissions as the government aims to reach a goal...

30 April

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Russia adds Navalny’s regional campaign offices to ‘extremism’ list By Reuters

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MOSCOW (Reuters) - Russia's financial monitoring agency said on Friday it had added jailed Kremlin critic Alexei Navalny's network of regional campaign offices to a list of organisations involved in "terrorism and extremism". Allies of Navalny said on Thursday they were disbanding the network as the authorities sought to ban them. A Moscow court is also considering whether to declare Navalny's Anti-Corruption Foundation (FBK) "extremist", a ruling that would give Russian authorities the power to jail activists and freeze bank accounts. Navalny, President Vladimir Putin's fiercest political rival, is serving a 2-1/2 year...

Меню

UK’s Truss expects Airbus-Boeing row to be resolved by July By Reuters

Beckham and Dench help to launch Captain Tom fundraising drive By Reuters

One in four funds are ‘sustainable’ under new EU rules – Morningstar By Reuters

Post-vaccine COVID infections and deaths rare, UK study finds By Reuters

LME to announce open outcry ring decision in early June By Reuters

Barclays, BNP Paribas see equities bonanza outweigh fixed income slide By Reuters

Intel seeks $10 billion in subsidies for European chip plant By Reuters

Euro Area Seeks Rebound as Recession Shows Cost of Vaccine Delay By Bloomberg

Britain appoints Chris Grigg as chairman of new UK Infrastructure Bank By Reuters

Russia adds Navalny’s regional campaign offices to ‘extremism’ list By Reuters

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